Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Batal Sahkan
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Sahkan
Octa trading broker Daftar Log masuk
Octa trading broker
Buka akaun dagangan
Berita dagangan
Back
7 Jul 2023

Gold Price Forecast: XAU/USD crawls above $1,910 as US NFP comes under spotlight

  • Gold price has moved higher at a snail’s pace to near $1,915.00 ahead of US NFP data.
  • S&P500 futures are consistently extending losses as investors are anxious ahead of the labor market data.
  • Gold price is in an inventory adjustment stage in which inventory is exchanged among institutional investors and retail participants.

Gold price (XAU/USD) is demonstrating a dull performance after a wild spike-triggered post the release of the United States Automatic Data Processing (ADP) Employment report. The precious metal has walked briskly to near $1,915.00 and is expected to remain sideways ahead of the US Nonfarm Payrolls (NFP) data.

S&P500 futures are consistently extending losses as investors are anxious ahead of the labor market data and upcoming corporate earnings season. The US Dollar Index (DXY) is displaying a subdued performance. The upside for the USD index is restricted near 103.20 for now but bulls can make a comeback if NFP data turns out resilient.

Following a subdued lead from the USD Index, US Treasury yields are also sideways. The yields offered on 10-year US Treasury bonds are hovering around 4.04%.

Meanwhile, all eyes are set on the US NFP data. Analysts at Citi expect after a surprisingly strong 339K increase in nonfarm payrolls in May, we expect a slowing in employment growth in June, although a still-solid 170K jobs were added during the month. This could also be a temporarily softer month of payroll growth with upside risks again to payrolls from July through September. After the unemployment rate unexpectedly rose to 3.7% in May, we expect a decline to 3.6% in June with downside risks.

Gold technical analysis

Gold price is auctioning in an inventory adjustment stage in which inventory is exchanged among institutional investors and retail participants on a four-hour scale. It would be early calling the adjustment process as an ‘accumulation’ or a ‘distribution’ until a decisive move.

The downward-sloping trendline from May 03 high at $2,079.76 and the 100-period Exponential Moving Average (EMA) at $1,926.65 will continue to act as a major barricade for the Gold bulls.

Meanwhile, the Relative Strength Index (RSI) (14) is oscillating in the 40.00-60.00 range, awaiting a potential trigger.

Gold four-hour chart

 

Jul 7, 2023

Two factors could set the Pound up for a depreciation at the tail end of the year – NBF

The Pound reached its highest level in a little over a year in the past month. Economists at the National Bank of Canada analyze GBP outlook. Relative
Baca lagi Previous
Jul 7, 2023

NZD/USD to bottom in the 0.57-0.58 area – SocGen

The Kiwi has been trading sideways year-to-date, following a slow bearish channel since the start of February. Economists at Société Générale analyze
Baca lagi Next